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U.S. taps pension fund to avoid debt ceiling
The US government stopped investing in a federal employee pension fund Tuesday to avoid breaching the nation’s legal borrowing limit, the Treasury Department said. The action is among the extraordinary bookkeeping measures the Treasury announced on December 31 to keep the government’s debt below the current $16.4 trillion limit. In…
Report: Treasury officials solicited sex, golfed with bankers and used position to avoid arrest
The site GovernmentAttic.org recently forced the Treasury Department via Freedom of Information Act requests to reveal the results of three years worth of Inspector General investigations into unethical conduct by Treasury Employees. As The Hill’s Bob Cusak reported, there were some rather interesting cases. Though the IG’s office redacted all…
U.S. to hit debt limit early January: Treasury
WASHINGTON — The US government will hit its debt limit in the first week of January, the Treasury Department said on Tuesday, as it pointed to an imminent request for $1.2 trillion increase. The government is expected to come within $100 billion of the current $15.2 trillion ceiling by the…
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